Regulatory Assurance Specialist at Northern Trust

Dublin, County Dublin, Ireland

Apply Now

Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial ServicesIndustries

Requirements

Demonstrated subject matter expertise in regulatory compliance topics impacting the financial services sector, preferably in financial risk areas (e.g., credit risk, market risk, liquidity risk) or non-financial risk areas (e.g., fiduciary risk, operational resiliency, compliance risk)
Strong understanding of the structure of regulatory change management processes
Experienced assurance professional with a keen eye for detail and passion for maintaining high standards of regulatory compliance
Strategic thinker with excellent communication, regulatory analysis, and project management skills
Ability to manage multiple projects simultaneously and lead planning of assurance reviews with flexibility for shifting priorities
Capability to engage independently with senior and executive management and interact with global regulators

Responsibilities

Provide strategic thought leadership in designing and executing the Regulatory Assurance Methodology (1LOD), focusing on regulatory change and remediation
Take a proactive and agile approach to identifying existing and potential control gaps or weaknesses through assurance reviews as laws, rules, or regulations progress through the regulatory change management process
Manage multiple regulatory assurance projects simultaneously
Lead the planning of assurance reviews while maintaining flexibility to accommodate shifting organizational priorities
Assess the adequacy of proposed and existing controls to mitigate regulatory risk and report findings
Ensure the Regulatory Change Management Standard and related processes are effectively and consistently executed across the organization
Apply regulatory and technical expertise during assurance reviews, assess the impact of changes (e.g., new products or services) on regulatory obligations, and provide advisory support to stakeholders
Engage independently and respectfully with senior and executive management to understand and confirm regulatory compliance risks, business changes, and other significant events that could materially affect the organization
Interact with global regulators to articulate assurance review results and the regulatory assurance coverage model
Monitor assurance findings, verify remediation, and ensure related data remains accurate and up to date
Manage the assurance project pipeline by monitoring regulatory changes and remediation projects assigned to GRCM, ensuring reviews are prioritized and completed in a timely manner
Lead or participate in working groups and committees (as required) to identify risk trends and root causes, driving continuous improvement of the regulatory assurance methodology and change management processes
Evaluate changes to the Regulatory Change Management Standard, processes, and supporting systems to ensure they are adequately designed and implemented
Manage and perform special projects as assigned

Skills

Key technologies and capabilities for this role

Regulatory ComplianceRegulatory Change ManagementProject ManagementRisk AssessmentControl Gap AnalysisAssurance ReviewsStrategic ThinkingCommunication

Questions & Answers

Common questions about this position

What is the reporting structure for the Regulatory Assurance Specialist role?

You will report to the Head of Regulatory Assurance based in Toronto, Ontario, within the Global Regulatory Change Management (GRCM) Department.

Is this a remote position or does it require office work?

This information is not specified in the job description.

What are the key skills required for this role?

The role requires strategic thinking, excellent communication, regulatory analysis, project management skills, and regulatory and technical expertise.

What is the company culture like at Northern Trust?

Northern Trust emphasizes enduring principles of service, expertise, and integrity, with a focus on innovative financial services, leading technology, and exceptional service for sophisticated clients.

What makes a strong candidate for the Regulatory Assurance Specialist position?

A strong candidate is an experienced assurance professional with a keen eye for detail, passion for regulatory compliance, strategic thinking, and the ability to manage multiple projects while engaging with senior management and regulators.